According to Gate.io News bot, CoinDesk reports that the Trump administration is set to announce a “reciprocal tariff” policy against 15 countries, including China, Canada, and Mexico, on April 2, the “Liberation Day.”
Grayscale’s research director Zach Pandl pointed out that tariffs have led to a 2% decline in economic growth this year. He stated: “If institutions didn’t have a high degree of confidence in the digital asset space and its policy environment, announcements like Circle’s IPO wouldn’t be happening.”
Further analysis by Pandl suggests that tariff policies will reduce the dominance of the dollar, creating opportunities for alternative assets like Bitcoin. He believes that if the “Liberation Day” policy is implemented in a moderate phased manner, the market will rebound, and crypto asset prices will return to being driven by fundamentals.
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